Businessweek Archives

Hungary

August 02, 1992

International Outlook: Global Wrapup

HUNGARY

Anew labor law could throw a scare into foreign investors. Modeled closely on Germanys code, Hungarys version gives a lot of clout to workers councils and unions. It also guarantees workers more leisure time than many of their American and Japanese counterpartsa minimum of four weeks vacation with five weeks for workers over 45. The law does include one plus for employers: It makes firing workers easier.Edited by Stanley Reed